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Making the case for a homegrown Canadian semiconductor industry

financialpost.com

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Re: Making the case for a homegrown Canadian semiconductor industry

#31

Post by BeetleB »

kenhwang wrote: post #30
BeetleB wrote: post #26

Earlier quoted context omitted.

Nice argument, but when you look at the data, it doesn't make sense. According to your link, the top 10% of Canadians pay about 50% of the taxes in Canada. In the US, the top 10% pay a larger share: 70% (although this is only federal data).[1] So moving to the US to avoid subsidizing others is probably not the best rationale. [1] https://taxfoundation.org/summary-of-the-latest-federal-inco...

A 90th percentile Canadian in BC would make ~$100k and pay 25.37% to taxes. A 90th percentile American in Washington right across the boarder would make $125k and pay 24.53% to taxes.

While true, it has no relevance to my comment. And it's a bit silly to compare with a state with no state income tax. Why not compare with NY, CA or OR?

Re: Making the case for a homegrown Canadian semiconductor industry

#32

Post by kenhwang »

BeetleB wrote: post #31
kenhwang wrote: post #30

Earlier quoted context omitted.

A 90th percentile Canadian in BC would make ~$100k and pay 25.37% to taxes. A 90th percentile American in Washington right across the boarder would make $125k and pay 24.53% to taxes.

While true, it has no relevance to my comment. And it's a bit silly to compare with a state with no state income tax. Why not compare with NY, CA or OR?

Because it's the state right next to Canada with a major tech hub.

We can compare NY to Quebec where at $125k/$100k respectively Quebec has a slight tax advantage (33.65%NY vs 32.70%QC) that goes back in favor of NY with +$20k (34.48%NY vs 35.43%QC).

Ontario fares better though. Maybe that's the cause of the US rust belt.

Nevermind that if you're 90th percentile of California or NY, you'd be making near $300k. So your tax rate might be 10% higher, but your take home is easily triple of what you'd have if you stayed in Canada.

Re: Making the case for a homegrown Canadian semiconductor industry

#36

Post by _xnmw »

klyrs wrote: post #22
enriquto wrote: post #13

Earlier quoted context omitted.

Which countries are irrelevant? By the way, your graph only shows the data for Canada. I guess the rest of the countries are irrelevant?

https://en.m.wikipedia.org/wiki/List_of_countries_by_current... Per capita, our debt is comparable to the US

Yes but Canada cannot afford that much of debt because our dollar is not a global reserve currency with a massive standing army.

Re: Making the case for a homegrown Canadian semiconductor industry

#37

Post by systemBuilder »

vkou wrote: post #28
kenhwang wrote: post #24

Earlier quoted context omitted.

Then there's California, arguably North America's current agricultural leader.

California isn't rich because of agriculture. It's a rich state that happens to do some agriculture.

Illinois is 100% agriculture. All the tech from Schaumburg and Naperville (W. Chicago) has been hollowed out. It's still relatively rich as a state ... You are forgetting that until recently in Brazil the USA had double the agricultural productivity of any place else on Earth...

Re: Making the case for a homegrown Canadian semiconductor industry

#38

Post by eru »

jcims wrote: post #20
kenhwang wrote: post #11

Earlier quoted context omitted.

I think it's even more degrading than that. Canada basically exports healthy, educated, wealthy people to the US for little in return (well, other than being best friends with the world superpower anyway). As long as there's favorable compensation and tax policies on the US side, Canada's brightest, healthiest, and wealthiest will just hop over to benefit from the more favorable conditions there after reaping the exp…

Does Canada claw any of that back through expat income taxes? That would seem to be a more realistic and mutually beneficial economic arrangement than expecting people to ignore an opportunity to make substantially more lifetime income out of allegiance to their birth country. We stole one in Ohio, she even married into the family. Her parents are absolutely amazing folks, just saw them on their way back from winteri…

> Does Canada claw any of that back through expat income taxes?

The US is the only country anyone cares about that taxes their expats.

Re: Making the case for a homegrown Canadian semiconductor industry

#39

Post by eru »

steve_adams_86 wrote: post #4
belval wrote: post #3

Earlier quoted context omitted.

Canada is basically just an economic extension to the US. I find it funny when people talk about us developing our own industry for X. We don't do that. Our approach is to be a pool of specialized and culturally similar people for the US to use as cheaper labor (when the loonie is low).

You’re not wrong, but this actually illustrates why we need to establish industry to counteract this problem. What you’re describing will always be true if we don’t have the initiative to correct it. This stuff seriously concerns me because apart from natural resources, we have very little to leverage. I worry for my kids and their kids. Canada is in a very precarious economic and political position from my perspecti…

> You’re not wrong, but this actually illustrates why we need to establish industry to counteract this problem.

Who is we?

Re: Making the case for a homegrown Canadian semiconductor industry

#40

Post by eru »

vkou wrote: post #17
bushbaba wrote: post #15

Earlier quoted context omitted.

Canada has lots and lots of fresh water. And global warming will open lots of farm land. Could easily see Canada become the agricultural leader of North America.

> Could easily see Canada become the agricultural leader of North America. The agricultural leaders of are countries that are nearly universally dirt-poor.

The Dutch disagree.

(Not just now, but also historically.)

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